Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
WesCorp adds Thompson loandeposit pricing services
SAN DIMAS, Calif. (7/7/10)--Western Corporate FCU (WesCorp) members now have access to the CostPro Product Suite through a partnership with Thompson Consulting and Training (TCT). CostPro is a comprehensive suite of tools that provides solutions for asset-liability management in credit unions of all asset sizes. “The CostPro suite takes into account all costs associated from generating loans and deposits,” said Randy Thompson, TCT founder/president. The algorithm “models not only hard costs, but soft costs as well, those known as activity-based costing. These include staff time associated with various activities in the deposit and loan-generation process.” The methodology identifies potential cost savings and improved efficiencies, along with a precise cost basis for loan and share pricing. The tool is generally employed by credit unions on a quarterly basis, TCT said. WesCorp is headquartered in San Dimas, Calif.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
11 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
7 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
7 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
8 hours ago